Gold futures the come back kid of the month,rose 0.45 per cent toRs. 29,315 per 10 grams on Friday as speculators enlarged their positions on the back of firming global trends.
Market analysts said the rise in gold futures was mainly in line with a firming trend in overseas markets as US economic data that trailed estimates increased its demand, with holdings in the biggest exchange-traded product expanding to a two-month high.
Meanwhile, gold rose by 0.30 per cent to $1,307.16 an ounce in Singapore, the highest price since November 8.
Market analysts said the rise in gold futures was mainly in line with a firming trend in overseas markets as US economic data that trailed estimates increased its demand, with holdings in the biggest exchange-traded product expanding to a two-month high.
Meanwhile, gold rose by 0.30 per cent to $1,307.16 an ounce in Singapore, the highest price since November 8.